# ONPATH
Metairie, LA · NCUA charter 14692 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/onpath-14692

Who the members are: federal charter, multiple common bond, organized 1961, low-income designated, minority depository institution. 92,011 members of 4,967,136 potential (1.9% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.26B |
| Members | 92,011 (8.8% YoY) |
| Full-time staff | 253 |
| Net worth | $145.2M |
| Net worth ratio | 11.5% (p65 of band) |
| ROA (annualized) | 0.86% (p63 of band) |
| Total delinquency | 1.42% (p93 of band) |
| Net charge-offs (annualized) | 1.38% (p95 of band) |
| Loans / shares | 97% (p84 of band) |
| Cash / assets | 8.0% |
| Borrowings / assets | 8.64% |
| Net interest margin | 4.01% (p89 of band) |
| Operating expense / assets | 4.80% (p98 of band) |
| Vehicles % of loans | 26% (p49 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 47% |
| Third-party paper % of net worth | 95% (p38 of band) |
| Vehicle delinquency | 2.10% (p97 of band) |
| Vehicle NCO | 2.31% (p90 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 89% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 12% |
| Average share balance | $5,872 |
| Participations bought / yr | $4.2M |
| Participations sold / yr | $97.0M |
| Participations outstanding | $49.6M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $20,174 |
| Loans granted, annualized | $562.1M |

## Participation posture (from the same filings)

Bought $4.2M and sold $97.0M in the latest annualized quarter; $49.6M outstanding purchased (34.2% of net worth), $18.4M sold and retained. Sold in 6 and bought in 8 of the last 8 quarters. Shares 15.8% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | losing money, expense trap, delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  | losing money |
| 2016-09 | 2 |  | 3rd-party paper>100% NW |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | 3rd-party paper>100% NW |  |
| 2017-06 | 4 | net worth falling, charge-offs p90 | expense trap |
| 2017-09 | 3 | expense trap | net worth falling, charge-offs p90 |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 | charge-offs p90 | expense trap |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | expense trap |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | charge-offs p90 |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | charge-offs p90 |  |
| 2019-12 | 2 |  | delinquency 2x band, charge-offs p90 |
| 2020-03 | 6 | net worth falling, losing money, delinquency 2x band, charge-offs p90 |  |
| 2020-06 | 6 | margin squeeze | 3rd-party paper>100% NW |
| 2020-09 | 6 |  |  |
| 2020-12 | 4 |  | net worth falling, losing money |
| 2021-03 | 2 |  | delinquency 2x band, charge-offs p90 |
| 2021-06 | 2 | delinquency 2x band | margin squeeze |
| 2021-09 | 1 |  | delinquency 2x band |
| 2021-12 | 1 | net worth falling | expense trap |
| 2022-03 | 2 | expense trap |  |
| 2022-06 | 6 | thin capital, members leaving, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2022-09 | 6 | loans>95% of shares | net worth falling |
| 2022-12 | 5 |  | thin capital |
| 2023-03 | 6 | delinquency rising |  |
| 2023-06 | 7 | thin capital, losing money | members leaving |
| 2023-09 | 6 |  | thin capital |
| 2023-12 | 6 |  |  |
| 2024-03 | 7 | net worth falling, charge-offs p90 | losing money |
| 2024-06 | 6 | margin squeeze, delinquency 2x band | expense trap, 3rd-party paper>100% NW, net worth falling |
| 2024-09 | 4 | expense trap | delinquency rising, margin squeeze, delinquency 2x band |
| 2024-12 | 4 |  |  |
| 2025-03 | 6 | net worth falling, delinquency 2x band, delinquency rising | loans>95% of shares |
| 2025-06 | 5 | loans>95% of shares | net worth falling, delinquency rising |
| 2025-09 | 5 |  |  |
| 2025-12 | 4 |  | delinquency 2x band |
| 2026-03 | 5 | delinquency 2x band |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-03 [OnPath Credit Union Expands Leadership Team - Biz New Orleans](https://news.google.com/rss/articles/CBMiekFVX3lxTE1EdWpieEFkbWVtTGRvSXNrOTJEa3pJN0tvdHpDdHV3YU5xclJ4eXhKUW9SaVB4ZlFkOC10UXRQR2otb3lSb3l1Vm9XMTdXa280VTV4YnA3RWZUTmVhY0Y1NE5jYVVPYzRhZGxHVTZnWkZCMWJfWW9mb3RR?oc=5) · Biz New Orleans
- 2026-07-28 [OnPath Credit Union selects Ruben Bonales as chief people officer - CUInsight](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNTWhReEtKR1FHUmwxQVRpT2h1TXBTSVQ2YW9jUmI5a3V1MVR1OG14SHlUR09NVXZhUUxvQlpFeFdiLUpUcGxJU2ZYckgtTVg5YjlCMF9aWHRoU1cxcXRfb2RaZUxESmhXZHBlTGNHTGZCRnFkMnpKRkNHcXk2UEhBRV9kMTNnS3h5ZXVGdDZXWnNudG84WUVFelhhQVJycjRRczdkZE04d3VYZw?oc=5) · CUInsight
- 2026-05-19 [Metairie-based OnPath Credit Union breaks ground on Lafayette branch - New Orleans CityBusiness](https://news.google.com/rss/articles/CBMipgFBVV95cUxObnI1bHJ1cTM1dmdaZ0hYcmpQTmVEMV9Hc0dTN19nRTQ3Z0VQZUZLSkFrb3RGZVM3Smo5XzBmdUx1TmVmQzRsV0pXd0ZLR1RoM1RkSVJTY2pqMEEta1V0RG1OWEtjUGs5TGlEZVJlNEw4OVBwUEZqa1cxNTZJV2N3ejJQWFNjSzY2NGs3NkVSdjk4TUJsUUNNenN5YWUtLTdaMWIyZE5n?oc=5) · New Orleans CityBusiness
- 2026-07-21 [FHLB Dallas and OnPath Credit Union Award $15K Grant to Help Louisiana Resident Restore Home After Storm Damage - Business Wire](https://news.google.com/rss/articles/CBMi_wFBVV95cUxQbFdxMnlpcTQ2NFpUMjBWU1AzQ1JORUFyXy1URFVBaUVVa09GeDkya1pNMlo0SVBLRlBndW1kRVhZUE56YmZZcVBNTHlMTXpqU1MwemxIcnM3dWxOOFlDanpJVlJMZmZMMmRnQnlzdGxKX3QxTmg4V2pDNTZEdUdzRm5zNm5UMmxHUnRsaVRUNy1FQlNQQzhfMG5pcTdtbmk0N3UyWlQyTGZvTC1WNnVHMW5Cc2tPcU9Sd1hOeGxzWFNDSmt1ZVpiZGY0SHdPNU1SdEVaYkxGZkdhMmlNdGRrLWdHWVBPS1AtOC1nSWdpZDZNWEVKMVQ2N3REQlo3LXM?oc=5) · Business Wire
- 2025-12-21 [Q3 Credit Union Mergers Signal Scale Shift As Acquired Assets Jump Sixfold - cutoday.info](https://news.google.com/rss/articles/CBMisAFBVV95cUxQR0ZfdkFBLXFiT1hKZnd1WS1BMWQzblJBajFLeVNDeVA3NHRyWWtyYm1BVktWTWZwRlVyc0RTOVZaa0k0cDR6YWNYdGFKdE1MeS1YTVFZcjl3OU9nYlpZWWVtVXA0U1didFFVMUhxVFkyMHd0LVpod0w4aWg5VW9fS2FXOFU3U2tuVUdFTXpERDhMdWp6UWp2c3YzNXNFbTVXSVV5U01kTlJ5ZW1hYzBnVA?oc=5) · cutoday.info
- 2026-01-06 [Metairie-based OnPath Credit Union expands into Lafayette - New Orleans CityBusiness](https://news.google.com/rss/articles/CBMilgFBVV95cUxQQXk5VDQ0Q1VPbTJOY1pmUFFCU1YtdGRiOW9KcTdFelBCZHZWOXdQWUgza0xhNmI4b295ZjNmU2dKSlI5V25nWjEzRGI5SUhONl9PRldEN0dfZW1WX1dmR0lsX2x4TnJ6N2JQUGdlbFk4a2F2Qm0tLWFoV0lIN0ZqZUwxM1dIVkZxRGs0b0U0cjNZaUJ1Y3c?oc=5) · New Orleans CityBusiness
- 2025-07-25 [Louisiana credit union to buy in-state bank - Banking Dive](https://news.google.com/rss/articles/CBMitAFBVV95cUxNWDNSX0lLTU5PYVZKa3B6bXdyb2l2ZFhaWENfQW1XM2hQTzVLaW5zMHVNS2M2NEdZM0NsWlRXM1lld1VKejJtWVNpblNaUFJvWTJEYVMtemdQNmlNbVBmUng1UmhldC1adUFJZ1psZTFTYmFFaGJobk5FWGFGNnFiYWRlMDRxaldSTmpvTl9SMlNQZ1BTT0VQRU1VOVlCTVVPV1hvekE1a2lkMENOSnJhTnF3Q0U?oc=5) · Banking Dive
- 2026-01-08 [OnPath Announces Expansion into Lafayette - Biz New Orleans](https://news.google.com/rss/articles/CBMid0FVX3lxTE1NLUcxb2JDZ0RNRG43bE9lM2VxV3RiMDk3WUgwcXc4bHNacEJjTS1MYXl3eDVqRUVJbWljM1ktTU1jUkFjMUIzZFlFQk1oUDBrZl9LRlBOblIzZUwxRHVrN1ZGU0xuZGM1aTlYdzI0bVlueUcwQ05J?oc=5) · Biz New Orleans

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14692 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/36.json (key "14692", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=14692
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide